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Jeff Bezos Passes Elon Musk As World’s Richest Person

Jeff Bezos, Amazon founder and CEO, laughs as he speaks at The Economic Club of Washington's Milestone Celebration in Washington, Thursday, Sept. 13, 2018. Bezos said that he is giving $2 billion to start the Bezos Day One Fund which will open preschools in low-income neighborhoods and give money to nonprofits that helps homeless families. (AP Photo/Cliff Owen)

Jeff Bezos is back on top.

The

.com founder is once again the world’s richest person, eclipsing Elon Musk and jumping atop the Bloomberg Billionaires Index for the first time since the fall of 2021.

Bezos’s net worth was $200 billion on Monday, according to Bloomberg. The personal wealth of Musk,

’s chief executive, was $198 billion and

 chief Bernard Arnault’s was $197 billion. MuskArnault and Bezos have rotated places in recent years atop the ranking, which measures personal wealth based on changes in markets, the economy and other reporting.

Bezos has amassed much of his wealth from e-commerce giant Amazon, which he started in 1994 out of his garage in the Seattle area. He also founded space company Blue Origin and bought the Washington Post for $250 million.

He reclaims the unofficial title as world’s richest person at a time when he has been offloading some of his Amazon shares. Bezos sold more than $8.5 billion worth of Amazon stock in recent weeks, a move that could have tax motivations.

Amazon, Tesla and LVMH didn’t immediately respond to requests for comment on behalf of Bezos, Musk and Arnault.

Click here to read the full story at the Wall Street Journal.

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